Energy Aspects offers high-frequency research coverage of the global natural gas markets, led by Trevor Sikorski. We publish a comprehensive suite of reports combining data analysis, market fundamentals and forward-looking commentary. Our experienced analysts provide the information and insight you need to stay ahead of the global natural gas markets.
Thursday’s EIA report (week ended 13 Jul) – EA Final Estimate: +56 bcfWe forecast Thursday’s EIA report will show a 56 bcf injection. A week of relatively mild temperatures across the country—after the heatwave in the Northeast dissipated—led to a 15% w/w drop in population-weighted cooling degre..
Aggregate gas demand was mixed across Europe in June, driven by varying regional generation dynamics. Gas demand in Spain, Italy, France, and Germany edged lower y/y as power demand was met by sharp increases in hydro generation, curbing thermal output. But hot, settled conditions cut wind genera..
Please note that users licensed for the data service can access our South Korean gas balances, power by source and nuclear outages data.South Korea posted another month of strong growth in LNG imports in June, up by 0.3 Mt y/y (9%) to 3.8 Mt. Hot weather, a temporary closure of coal-fired units,..
After a week of fairly flat trading, the European gas markets are heading into a period of uncertainty over which direction demand will go for rest of the summer. Forecasts suggest that hot, drought-like conditions in NW Europe will remain in place at least until the end of July. This should add..
Within this report you will be able to review the latest figures published by Baker Hughes by gas shale plays in the US and by province in Canada.Fig 1: US total rig countFig 2: Appalachian shale plays gas rig countGasOilTotal13 Jul 181898631,054w/w chg.2 ↑0 -2 ↑y/y chg.2 ↑98 ↑102 ↑6 Jul 18..
JKM LNG prompt prices slid for the second week in a row, with peak winter contracts coming off by 7% w/w to fall back below 12 $/mmbtu. The step down comes as interest on the prompt shifts to the softer Sep-18 contract, while there is also suspicion that Chinese buying for the coming winter has n..
The TTF M+1 contract closed in a 21.2-22.7 €/MWh range over June. The contract was largely driven by the upward moves coal and carbon prices, although the summer contracts did soften in relative terms. Gas prices are now trading consistently below the fuel switch level to which they have gravitat..
Today’s report (week ended 6 Jul): EIA: +51 bcf, EA: +56 bcfToday’s print fell slightly below consensus estimates in the mid 50s bcf. While the number was closer to our 52 bcf flow-model prediction, to align our supply-demand model, we made a 0.4 bcf/d upward adjustment to our estimate of gas in..
We expect total EU imports to expand by just 1.7 bcm y/y in Q3 18 driven by a 1.9 bcm y/y increase in Russian imports, given the need to refill storage. Over the same period, imports of North African gas will now drop by just 0.2 bcm y/y, as Italian buyers will stay in the market until a further..
Please note that users licensed for the data service can access our Norwegian production by field and pipeline exports data. Total Norwegian production was 9.3 bcm in June, up by 0.73 bcm (8%) y/y. It was the second consecutive month in which production was higher y/y despite heavier scheduled ma..
Thursday’s EIA report (week ended 6 Jul) – EA Final Estimate: +56 bcfWe forecast Thursday’s EIA report will show an injection of 56 bcf. A heatwave enveloped the Northeast early in the reference week, with high temperatures above 95°F in Washington, DC, and New York that were 10°F above historic..
Some scorching hot weather in the CE region (CDDs up as much as 73% y/y) buoyed demand by 0.44 bcm (22%) y/y in June, curbing injections by 0.15 bcm y/y. Weather forecasts suggest that CDDs across July will be at least 9% higher y/y, which would mean less y/y (and m/m) demand push from the region..
Through the remainder of 2018, we continue to expect less gas in Southern Europe to go into power given lower LNG availability on strong Asian demand and delayed new Australian supply, with LNG sendout in Spain and Italy 25% and 40% lower y/y in June. Stronger hydro generation in June also reduce..
Continental European prompt prices closed higher last week because of upward movement in the two related fuel markets. Coal and carbon both rose, pushing the fuel switch triggers up by around 2% w/w, with the key summer trigger closing at 22.8 €/MWh on Friday. Despite a high level of storage inje..
Within this report you will be able to review the latest figures published by Baker Hughes by gas shale plays in the US and by province in Canada.Fig 1: US total rig countFig 2: Appalachian shale plays gas rig countGasOilTotal6 Jul 181878631,052w/w chg.0 -5 ↑5 ↑y/y chg.(2) ↓100 ↑100 ↑29 Jun..